Feeds

Acer's chief takes pay cut as Taiwan warns of recession

Widens forecast of loss in 1998

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

Stan Shih, CEO of Acer, has taken his first steps to restore the ailing semiconductor division of the company by cutting his own salary by 30 per cent. Separately, the Taiwanese government issued a warning that the country was in danger of entering a recession. Shih expects other executives and staff at Acer Semicon to take pay cuts of between five and 30 per cent. The company found itself in trouble after it acquired the Texas Instrument part of its joint venture, while the price of DRAM and oversupply in that market put a further squeeze on Acer. Earlier this month, Shih said he was restructuring the entire Acer group so that he could concentrate on turning round the Semicon division. Acer is not the only Taiwanese company in some difficulties as a result of the general Asian malaise. The Taiwanese Council for Economic Planning and Development said that the island was in danger of entering recession. Exports in the first seven months of 1998 showed negative growth of eight per cent. Exports from the IT sector in Taiwan represents the biggest chunk in money terms. Earlier this week, Acer warned that it would make a bigger net loss for 1998 than it had expected. It will go into the red to the tune of NT$ 4.9 billion, while sales will drop by $NT7 billion from its previous estimate. ®

Internet Security Threat Report 2014

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Simplify SSL certificate management across the enterprise
Simple steps to take control of SSL across the enterprise, and recommendations for a management platform for full visibility and single-point of control for these Certificates.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.